i TRADE REVIEW
AND OUTLOOK
? T - ?
Much Work Still to be Done
To Offset War-Time
Restraint.
*
DECIDED LULL NOW ON
t
Duration De^pnds Upon
How Soon Price Reaction
Becomes Widespread.
Early July, with its vacation in^
terruptions and inventory-taKlng.
la not ordinarily a period foatured
A by general and conspicuous activity
in business, and there are special
fea-ons thlt year why operations
should be limited. Constant reiteration
of the Importance of the price
question Is required in any discussion
of the existing commercial situation.
and tho elements of financial
restrictions and transportation
drawbacks have lost-none of their
significance. Where price readjustment
has gone far chough to
rekindle buyers' Interest, as In certain
kinds of hides and leather, revival
of demand along conservative
llne:? has been witnessed, anJ
transactions that arc being held In
abeyance In some other quarters
might b* consummated if the necessary
concessions were forthcoming.
The fact that-sellers no linger
dominate about all markets Is
nade clear by each succeeding
week's dispatches, and the desire to
move goods is more pronounced In
channels where the changed attitude
of the cojjsuming public,
which doevtiot now purchase 80
extravagantly atf iV Ihr past, or
j with so littl* regard'40 -prices. Is
fully appreciated. Tne di-velopL
ment of such phases ?? these had
k not been unexpected, and the duraK
tion of the presont lull In busi
ness will depend, largely upon how
P soon the price reacttoh becomes
widespread arid to what extent'It
is carried." That'much work Is yet
to he done tto offset the war-time
restraint upon private enterprise,
is qot to be d?>tbte&:^.but nricc-s.
War^ ?'
nietcnntll? and in<Ju?frt?T* activHT^
under peace conditions, as the
many cancellations and revisions
of orders have demonstrated.
Commodity Price Reaction Extended.
Observers of economic conditions
have, not failed to detect signs of
price reaction in reports from various
markets, and some further
evidence of the readjustment appeals
in current compilations of
indofe numbers As measured bv
Dunjt retord, which is based on the
estiMatea per capita consumption
of 4iany essential commodities, the
general level of wholesale prices
was about 0.7 per cent lower on
July" I than a month earlier, and
1.1 per cent under the high record
of May 1. this year. After an ex.
treme rise of nearly 120 per cent
above the 1914 basis, the recent decline
seems trivial, and prices are
still more than ? per cent higher,
on the average, than they were
when tho present year opened. Closer
I annl)'."i3 of th? flsfires. however,
disclases the fact that the sust#inJ$
ed fwmnes? of most foodstuff.- has
^Lalon?' pr-vented a larger r<-cession
Hin the index number, and that the
'yielding in the clothing class has
already m?dc considerable progress.^
With a reduction of food
costs, whic^i cannot be indefinltely
postpotred if present prospects for
abundant grain crops are realized,
the price situation will assume
more favorable aspects from the
consumer's viewpoint.
Fnrttar Recovery it. Iron Output.
con2jstion
statistics of Jffne piig Iron output,
issued this week, are unexpectedly
encouraging. Evidently the net
result of all the turns in the railroad
situation was- favorable, for
Ins* mouth's iron production of 3.043.540
tons, according to the Iron
Ace. represents a gain of about
5.100 ijna In the ' daily ave aie.
and seven furnaces were added to
the active list, making "302 in blast
on July 1. Yet latest advices from
steel-man^fact?j:?lg- cenlws indicate
uthat work forte
n days or two'wK Is threaten*J
ed aft some mills- by the car shortage.
and stocks of finished materia)
L awaiting shipment in the PlttsHf
burgh. Youngstown, and Shenang'>
I districts are estimated at\?rounrt
L 1.000,000 tons. The disorganization
of freight movements, moreover, is
largely responsible for the continued
high prices of cojto. and this
condition finds reflection In a Arm
pig Iron market, although basic
iron, delivered eastern Pennsylva-j
nla. has receded SI. v _ j* \
Textile Duyera Coming to Market*. ,
Favorable comment has been occasioned
by the fact that arriving!
buyers are becoming more numerous
in the dry goods markets, but
It is observed that these interests.1
for one cause or another, are approaching
their fall operations with j
an unusual degree of caution. Plans |
1 JtOf @5 Commercial K
P Sif^Depotit
REAL GUARANTEES OF
SECURITY
The Capital City of America stands
for stability and conservative Investment.
and real estate within thl*
city ia safe-guarded acaiot-t depresriona
and false bnoms as no other
property In the rutted States. The
Government of the Jt'nited States Is
like a riant Industry, enjoying a
sustained market. In Mich surroundings.
our First Mortgage % Notes
on Improved Washington property
an in a distinctive rlasa for safety
sad security.
Send for Our New Booklet, "A
Declaration of Financial
Independence."
SWARTZELL, RHEEM &
HENSEY CO.
727 Fifteenth Street
Wiakisctra, D. C.
. ;
'..i"
?
Contedants Enter th
Neck and Neck in C
Work This Weei
?
COXTl>'U*X> FBOM PAOB OX<.
of people in Waahingtoa and tt?
environs who have not boen approached
for aubacrlptlona. It U up
to the lire wire candidate* to gather
In their ahare of new readera to The
Herald. ..
I Pont forget. <very nctlve canaldate
In tho Salesmanship Club Campaign
wine. If not one of the *lxtythroe
award*, then a ca*h commit.?lon,
provided th*y remain active
until the clone: end according t"
die rules an active candidate In
dcslRnated a* one who turns In at
lra?t ono subscription **ch w*fK I
durtnK the last two weeks of tho
s:unpalgn.
Htlll AijMt'i Award*.
The $6,000 Home. $3.5*5 Standard
1 Eight. II SCO Joidan. I2.UB Ssyer* j
'pi* $1,700 Dixie Flyer. f 1.695 Allen
land the $1,276 Maxwell are yel to
bt- won.' Subecrlptlec* and vote
i credits will win these pr>?t*. R?mois
and false storlip will but dlscJti.iass
you. Therefore, the best
advice the Campaign Manager < an
give you It to pay no a1 tfcntion
whatsoever to an/ ivm^ra you may
hear. ... . .V.
If some person tells you that this
candidate or that candidate 1*
; to do such and such a thing, don t
get discouraged and slacken youjr
I efforts. Remember It may be nothing
more than "poison gas * or a
sort of propaganda put out by *?">e
one for the very purpose of discouraging
all those who are fain
hearted. The only way any candidate
can possibly win Is to work
! and get the subscriptions and y?1*
. credits. Be sure you have i
all you can; never mind about the)
other fellow. You can rest assured
! that he Is getting all he can.
Enthnslastle Workers.
Among the scores of *mblt,?}"
Salesmanship Club Members who
are rolling up a big total of vote
credit* and who stand high " !
Honor Roll, according to t?W?
published standings, are: Stephen
E. Lane, Charles H. Weeks, II*nr*
Montague, Joseph L. Maggio, R. J.
Davis. William R. J. Hayden. Mrs.
William E. Donohoe, Mrs. F. C.
Clark A. F. Jones. Miss Goree Pellen,
Jeremiah Connolly, G#orge M.
Carhart. Vilas C. Tetter and Robert
HT Alcorn.
Salesmanship Onb Mtobtn
&?d*& AloorS*fto the Credit.
Coonted Sunday for
Publication.
H > ' > ~
DISTRICT OWE.
All th?* section of Northwest
Washington east of Sixteenth atreet
[ and south of and including N street.
MEMRERS CREDITS
{William A. Rarger 381.000
Mrs. Mabel C. Berger $18,000
Glenn Candlll .2M??
Mrs. F. C. Clark * ftW.000
(John B. Mitchell 4<ml00
i Andrew Panagapanlo* 177.000
Ralph 23.000
John M. Reed
| Clarence L. Schmld 179.000
Vincent Stellabott 161.000
Edw. D. Talbert 518.000.
DISTRICT TWO.
All tliat section of Northwest
Washington and District of Colum- |
bla west of and Including Sixteenth
street. '
MEMBERS M CREDITS
r4tiisoAJ\?..4r. Moo
MorrisW Aqkin.... 610.000'
| Mrs. T. Bell. Mgr 25.000 j
Neils Rolduan 21.000 j
Jeremiah Connolly 522.000
Hugh M. Devlne...? 164.000
j Joseph Hoffman 435.000 |
Arlstides Lamprinos 517.000 i
I Frank D. Law 89.000 1
I Walter Leaman 2R 00O j
Mrs. R. S. Ltdman 5C9.000 j
Joseph L. Maggio 525.000 j
!C. C. Mayer 503.000 j
Stanley Nuh.,,..r.. ;
L. Paul 507*000
Miss Ruth Price 508.000
Joseph A. Shafer 433.000
jMlss Lucille T. Stancill 516.OO0
L. J. Swain ...a. 504.000
i BenJ. F. Torreyson 439,000
Mrs. Grace Truei 11.000
I Miss Eugenie M. Wilson Rlt.OOO
Vilas C. Tetter i 521.000
i
DIKTniCT THREE.
That section of Northwest Wash- (
Ington north of S (treat and e*at
of si*ae*fl? .??*#*. - : ~
MEMBERS CREDITSj
A. H. Bacas 506.000
] Mrs. C. L. Rancroft 21.000 J
I Mrs. C. M. Raruch 185.000 j
jCharles H. Corman 416.000;
Granville Christman 306.000
C. R. Colvin 433.000
Robert E. Doyle, jr 518.000
Robert E. Garner 505.000
Thos. N. Gormly 517.000
Mrs. Katherine L. Hargett.. 25.000
Wm. R. J. Hayden 524.000
[John R Jenkins 510,000
Miss Rose Krucoft.. 513.000
Mrs. F. E. Mole 179.000
Henry Montague 526.000
D. E. Morgan 511.000
tor the future are governed largely
by financial limitations, but the
compelling reasons for the prevailing
policy of hesitation and waiting
is found la the changed attitude
of consumers. That it is no
longer possible to sell merchandise
to the general public at about any
price, each week's reports make
e'esimr. and Inducements to purchase
are now being made that had
not been previously heard of for a ,
very considerable period. With the
desire to move goods growing in j
many quarters, price recessions are |
of more frequent occurrence, and
the readjustment is not confined
wholly to this 'country, but Is of
widespread oxtent In foreign markets'.
That print cloth sales at
Kail River 'a*t week were
than a day's output Is significant
of the present quietness of business
in primary channels.
Hide nnd Leather Condition* Are
Improved.
The turn for the better In hide
and leather trade conditions, Indications
of which began last week
to make*their appearance, has been
extended, although conspicuous activity
is lacking. Improvement has
come only after a somewhat protracted
period of virtual stagnation
in business, *n<T demand might still
be absetat. or practically so. if seller*
had not reduced prices from
previous extreme levels. The price
readjustment In some kinds of hides
and skins ha? gone farther than
1* commonly imagined, and it ! I
not strange that line* which have
yielded abruptly, such a* calfskin*, ,
are now becoming firmer. Whether
t'ottom has been tcuched In all
caaes. remains to be determined;
but th? heavy accumulation of raw ,
material, as disclosed In thl
week'* official statistics, 1* a factor
that doe* not tend to atrengthen the
poaltlon of holdera. So tor as domestic
packer atock la concerned,
tranaactiona, where there are any,
continue to be made at prices In
buyers' favor.
'J. rr-.' *- ' ' V .
e Home Stretch
Ireat Herald Race;
[ Determines Winneri
? ?
Miss Clow Pallen
A. F. Ilaanay
Raymond T. Roach
Mrs. Clara W. Ryon 4?2 ?SS
Mrs. Ray Bandars *ll^n
Morris Bteln I?!1??.
Mrs. Lanah J. Tslbott 5X?.t?00
Miss Elisabeth Tenly 888.000
Mrs. F. L. White 518.000
oirrnicT four.
All of Northeast Washington, Including
Banning. Kenllworth. Trinidad.
Ivy City. Brookland, Langdon
and Wood rid|ta.
r MEMBERS CREDITS
I Robert H. Alcorn 510,000
18. Wade Callahan 415.000
! E. L Carleton 56.000
iMrs. Bessie Oray 611.000;
'j. Francis HHlysrd... 615,000
Miss C. M. Hlrrllnger 510.000
!a. F. Jones 628.000
Maxwell MacKensle 58.000
! Enoch A. 105,000
Stephen Pope 401,000
DISTRICT FIVE.
All of Southeast Washington. Including
Anacostla ind Congress
Heights.
MEMBERS _ CREDITS
Mrs. Helen M. Blanchard... 91.000
N 8. Blankenshlp 51#.000
George M. Carhart 521.000
Mrs Grace Dtxon 151.000
Stephen Frank 514,000
[George E. Gould 157,000
! Miss Louise F. Grubb 191.000
I John H. Halstead 271.000
[Anthony Pessagno 221.000 i
Miss Jessie L. Ryon 505.000'
[Calvin A. Schaefter 171.000 |
| Ernest Schilke 19,000
DISTRICT SIX
All of Southwest Wsshlngton.
MEMBERS CREDITS i
Mrs. Claude J. Cofflti 21,?00
John D. Matthlaw 165.000
fMrs. Peter Messina 419,000,
''Claude N. Norton V. 512.000 j
[Charles H. Weeks 527,000
DISTniCT SB VEX.
Alexandria City. Arlington, LouI
doun and Fairfax counties.
I MEMBERS CREDITS
|c. L. Blue. Potomac 11.000;
Mrs. W. E. Do no hoe. Leesburg
524.000,
Miss Helen McCarty. Fairfax 490.000
Miss Sarah V. Nicklin. Alexandria
126.400
Nelson T. Proctor. Alexandra
*17.000
Geo. M. Ramby, Alexandria 514.000
John H. Relnhelmer.. Leesburg
.................. 496,000
Keith Shreve. Ballston 20.000
William Schultheis, Del Ray 467.000
Elmer K. Speer, Ballston.... 161.000
It. W. Swart. Aldie 515.000
M. T. Wilkin*. Herndon 61.000
Harvey W. Williams, Alexandria
519,000 j
DISTRICT EIGHT.
All of Virginia (except that territory
Included In District No. 7);,
all of Maryland and all other States
and Territories.
, MEMBERS CREDITS
Allen Bledler. Woodstock... 25.000;
R. J. Davis. Manassas 525.000
W. A. Dulani-y. EtUr. 1".<100
Wm. DeCoss. Warrenton 245.000
Lawrence Herrell. Winchester
510.000
otephen E. Lane. Brightwood
528,000
Miss Blanche McDsniel. Purcelyille
, 514.000
B. W. McGinnls. Massles
Mills 175,800;
Miss Alice L' Manuel. NokesI
vllle 511,000
Miss Ruth E. Martin. Fredericksburg
519.000
Miss Mary 1- Rector. Haymarket
21.000 j
Mrs. Ben Sinclair, Charlottesville
23.000
Mories Show B?nedict XV.
Eight movie men were permitted
to make pictures of the canonization
of Joan d'Arc. showing Pope j
Benedict XV, and they paid 8200.000
for the privilege.
Return $7,500?Get $5.
Fred Gabe and Charles Phillips
found 87,500 worth of bonds stolen ;
from a bank at Evansvlll? Ind.
when they plowed their farm last j
week. They were paid 85 for the j
r 'urn of the bonds.
'
BANK STATEMENTS.
REPORT OF THE CONDITION
OP THE
Washington Mechanics'
Savings
Bank,
At Washlagton, In the District of
Columbia, at the rtose of l?u?l e??
Jane 30, 1020.
BK90UKCE8
I. s Lnaas and dU
count# including
rediscounts #
(except those
shown Id b
and c) 8415.977.12
b Acceptances of
other barks
discounted .... 39,740.04
Total loans 438,724.06
?. Overdrafts, unsecured 74.031
8. U. 8. Government securities
owned:
c Ui-rledsed . .. 86T.528.02
Total U. 8. Gorernment
securities 67.528.02
4:1 'Sends, secirtties, etc..
other than V. 8.. includ
ins premium on same...-. 470,28*.40
". Kiak'nti house 28.000.00
7. JTurniture and fixtures 2.750.00
It. a Due from national banka. 42,831.70
10. Exchanges for clearing house 8.618.29
II. Checks and ether cash ltema 2.8-S7 .82
12. Cash in vault 17,781.90
Total'. 81.088,954.03
uamltdcm
18. Capital stock rsW 'n * 50.0(10.00 ;
16. Surplus fund 20.000.00
17. a Undivided ,>rofii> 802.55]
20. a Due to national bunks.... 29.7*4.16
21. Certified checks 8.018.53
Demand depeaita (deposits
payable within 30 d^ys): _ J
28. Individual deposits subject
to .heck VT. 251,991.58!
27. unpaid 1,282.00 j
Total d e in s n d deposits.
Items 21. 28. and
27 8258.282.11
deposits ipsjubie after
tit days, or subject to
days or more notice):
29. Certificates of deposit (otber
than for money borrowed)
5.298.21
83. Otber time depoaits 728,788.00
T??al of time depoaits.
Items 29 sod 32 J732.083.21
Total
District oI Colombia. City of WssWa?ton. ?:
I B. H. BACiBV. Tressorer of the abovenamed
V"* do solemnly swear that the sis.<s
taten-ein la tree, to the best ot my knowledge
and belief B. 11- BAQBT. Treaaursr. ,
Subscribed and sworn to before me this
8th day of July. 1920.
(Seal ) MILTON C. THOMPSON.
* Notary Public.
Cents Attest:
EZRA GOULD,
J. C TVU5U.
CDWABD r. PICBrOBD. ,
WIFE AND CHILDRI
NEW PR0V1S1
^[
Latest photograph of Senora
two children, Adolfo, jr., age II
in San Antonio, Tex, while on
their home' in Sonora. She is
woman t<5 preside over the his
plished pianist and a lover of o
PREPARED FOR BULL
BAILIFF MEETS EARL
The Earl of Onslow, new lord-lnwaitlng
to the Kins of England,
enjoy* much rural fame, which he
owes to his Jove of outdoor life.
In this connection he tells a good
story.
"A famous stockbreeder once
named a prize bull after me." he
!>aid in an aftcrdinner speech.
"Having invited me to visit his
farm, ho wired his bailiff to meet
the train, with the message: 'Am
bringing; Earl of Onslow with me.'
"The bailiff turned up at the station
with a ring and stick instead
of an automobile.
"He thought of the bull and not i
of me!"*
Swimmin' Girls, Surely
Spinsters, Says Briton
"Hundreds of possible brides have
been doomed to die as old maids
through that infamous institution
known as mixed bathing. No woman.
however beautiful, can stand
the test of appearing before the
man she has Inspired in the damp
and bedraggled condition that la the
inevitable consequence of bathing,
whether public or private."
This pronouncement by an obscure
town councilor. Donald Clark,
of Tonbridge. Kent County. England,
has been prominently published all
over England and hag dealt a staggering:
blow to mixed bathing. A j
strike, of unmarried girl balhers at
all beaches where mixed bathing ts
permitted Immediately ensued, and
in few places can any but marrle<f
couples now be seen in the water
together. i
Clark was talking against the
continuance of mixed bathing facilities
in Tonbridge. but lost his motion
by one voice, the women member*
of the local counOil?all married
women?voting against him.
BANK STATEMENTS.
REPORT OF THE CONDITION
OK TIIK
MOUNT VERNON
SAVINGS BANK
WASHINGTON, D. C.
At Wuxhlngton, in the District of
Columbia, h< the close of ksiiaru
Junr 30. 1920.
RESOURCES.
1. a l/i>n asff dU
"lists, iaciud- '
ing r e d 1 r counts
(except
those shown
ia b anil c) $519,175.16
b Acceptances
of otlier banks
discounted ,. 123.flOO.OU
Total loans... .$644,175.10
$644,173.16
3. U. S. government securities
owned:
c Unpledged .. (71.300.00
71.300.00
4. a Bonds, seenrities.
etc. other
than V. 8., including
premi- *
urn on same.. $38,900.28
Total bonds* securities.
etc., other than V. 8.. 38.900.28
7. furniture sod fixtures 20,166.95
9. s Due from national
banks.. $86,364.72
86 864 72
10. Exchanges for clearing
house 13,562.93
11. Checks snd other cash
items / 5.382.21
12. Cash in vault.V. 17,233!30
14. Other assets (revenue
stamps) 75 00
Total $890,470.57
LIABILITIES.
15. Capita! stock paid in $160,000.00
16. 8urr>l*is fnn4 40,000.00
17. a Undivided profits
$9.69.". 43
b Less -current ,
^ penses. interest
snd taxes
paid 7.467.99
2 227 44
20. S Doe to national
banks $35,000.00
? ... i 85.000.00
.1. Certified checks J. 4.346.90
22. Cashier's checks outstanding 2,090.00
Demand deposits (deposits
pa vihie within 30 days I:
28. Individual deposits subject
to check 388,151.96
Total d e m s n d deposits.
Items 21. 22 and
$894,58* 92
Time deposits (payable
after 30 days, or subject
t? 30 days' or more
notice): I
29. Certificates of deposit (other
thsn for money bor??
33,070.10
3_. Other time deposits 234.584.11
Total of time deposits.
items 29, and 32 $267,634.21
To?al .. . .$890,470.57
District at CWumbls. City of Washington, sa
I WILLIAM B. BAUM. cashier of' the
above-named tank. d? solemnly swesr that the
above statement Is true, to tfc best of my
too* ledge and belief.
william b. balm.
? __ Cashier.
Subscribed and sworn to before me thla
8th day of July, 192V
(Seal.) ALEXANDER B. TARELA.
Notary Public.
Correct?Attest:
Wm. Mnehleisea, R. Ooldea Donaldson,
C. Dsvtsoo, Chas. Cowles Tucker,
ITred Bewitt. Adolph t. Ungerer.
War H Johnston. 0. B. Zantsisger.
T. H. Baden, K. flavelle Boss,
;N OF MEXICO'S
ONAL PRESIDENT
lnderwuod X L'uderwood.
Adolfo De La Hucrta, with her
years (left), and Artoro, aged 9;
their way to Mexico City from
heralded as the most beautiful
toric palace. She is an accompcras
and is a composer herself.
i WOULD REGAIN STYLE
! PRESTIGE FOR VIENNA
j Vienna will soon become the
fashion center the was before the j
war, when her styles rivaled those!
j of Paris, according to Franz Suss, i
j director of the famous Vienna
W orkshops, who is now In France ]
! to look the situation over.
^ lenncse women have always
been noted for their chic, like the
! Parisian," said Mr. Suss. "Ju?t as
| ^,'enna was famous for Its night i
life, much In the same way as |
Paris. A ienna clothes before the war!
*ere considered as smart as the
French less extreme, perhaps, but
beautifully finished.
"Prevented during the war from
communicating with the west, the j
\ ienna stylemakers are now mak-!
ing up for lost time. Several stun- |
ning designs in materials?silk and !
woolen?which are called the njv- :
elty of the Paris season came from
Vienna, for instance."
Ex-Service Men Receive
Medals from Company
? "X
Hagerstown. Md., July 11. ? A
number of employes of the Cumberland
Valley Railroad Company living
in Hagerstown. yesterday were
presented with 'handsome bronze
medals.
Oscar M. Hykes. of this city, was
killed in the battle of the Argoane.
His medal wax presented to hia-family.
Th% ?kr\ice men from Hagerstown
receiving medals were: John
C. Sunderland. Harry W. Maugans.
Jesse T. Kuhn. Bruce R. Art*. Leonard
Kretzinger. John Rubeck, William
C. Martin. Leslie C. Rotz. Chester
L. Stine. Clarence L. Herston,
Clarence L. Deisert, John J. Sanders.
J. S. Golden. John M Crame*. H. C.'
Schelland and S.ergt. S. Edgar Phil- !
lips.
BANK STATEMENTS.
REPORT OF THE CONDITION
OF THE
North Capitol Savings Bank,
! A< Washington, la the Ulstrlrt ot
Columbia, nt the clone of business
June 30. 1?20.
, RESOURCES
1. a Loans and discounts
lnclud- "
Ing rediscounts
1 except tboss \
shown Is b
?D<I O... $472.7*7.3.1
Total loans $472,767.85
2. Overdrafts, secured, $87.52;
unsecured, $3311.12 417.04
c Unpledged ... $jO,822.62
d War savings
rfrtlflratn and
thrift stamps. 131.74
Total r. ^ government
secnritieP 50.954.38
{ 4. a Bonds, securitie*,
etc.. other
than U. 8.. including
premium
on same.. S41.V308.75
Total bonds, securities.
etc.. other than C. S. 415.308.75
6. Banking bouse 17.108.27
7. Furniture and fixtures 7.550.71
8. Other real estate owned..., 15.000.00
9. a Dne from national
banks 8.88S.S1
10. Exchanges for (louring bouse 27.105.25
; 11. Checks and other Items 0.95
| 12. Cash in vault 21.879.13
* ? Total
*1.038.284.22
LIABILITIES.
I 15. Capital stock paid in <90.000.00
i 16. Surplus fund 10.000.00
I 17. a l udivlded profits 9,819.72 i
| 18. Amount reserved for taxes
accrued 28.89
i 19. Amouat reserved for sU Interest
accrued... i 23-T1
: 20. a Due to national
ba?l" 8.944.48
; 21. Certilied checks... 3.756.88
22. Cashier's checks outstanding 078.43
Demsnd deposits (deposits
payable within 30 days):
, 23. Individual deposits subject
to check 446.532.75
27. Dividends unpaid 2.818.50
Total demand deposits.
Items 21, 22. 23. snd
27 *453.784.84
Time deposits (payable after
30 days, or subject to 30
days or more notice!:
29. Certificates of deposit (other
thsn for money borrowed).. 8.118.50
32. Other time deposits. ... 412,717.80
Total of time deposits.
Items 29. and
82 $415,831.10
35. Bills payable, including
certificates of deposit representing
money borrowed.. 50.000.00
Total $1,088,284.22
District of Columbia, City of Washington is:
I. THEODORE MICHAEL. President of
the above-named bank, do solemnly swear
thst the above statement Is true to the
best of my knowledge sad bell. t.
theodore michael.
president.
Subscribed sad sworn to be font ia> this
9th tlsy of July, 1920.
CHARLES W FLOECKHKR,
(Seal.) Notary Public, D. C.
Correct?Attest:
theodore michael.
L. t'LLMAN,
B. L. GB0VE.
jos. a. Herbert,
h. c. eastbrday,
e. e. johnstone.
e. 8. burgess,
b. a. dors.
. geo. e. phillips,
- 9e0rge clagett, 1
CALLS CENTRAL
ZONE HEARING
?, - * 4 Jf, * *
t Chairman
Rudolph Announces
Meeting'for
Subdistrict No. 1.
f *
Property owner* of svb^Istrlct No.
1. representing the heart of Washington's
business district In the
prsssnt. coning, wtU bold a public
meeting' In the board room at the
Plstrlst Building. Wsdnesday night.
Chairman Cuao H. Rudolph haa
Issued the call la order/that property
ownera may be given a bearing
In order to form aome baala upon
which tha committee may make recommendation
to the ssning commlssion
later In the week.
The dlatrlct cows all the territory
lying between the Majl on the
aouth. north to K street, and from
Fifteenth atreet weat. to the weat
boundary of the Waahlagton Herrainal
property.
Rudolph'a committee includes
Charles W. Fairfax. Julluk Garflnkie.
Eugene Thompaon, and Thomaa
J. Donovan.
BANK STATEMENTS.
REPORT OF THE CONDITION
OF THE
Fidelity Sayings Company,
Inc.
"The Morro PUn"
At Washing-tea, la the Dlatrlct of
Columbia, at the close of baalaeea
Jusf 30. 1930.
1. a l/HM and discounts
Includ'
In# rediscounts
(except those
b o w a In b
n?l c) Ktt9.M6.oa
Total loan.. f56A.S66.08
d Notes and blUa
rediscounts .. 7.276.63
(362.589.46
V. 8. government securities
owned:
a Pledged $4,000.00
t Unpledged ~ 1.330.00
4 W a r aavlag*
certificates and
thrift atamp?.. 183.00
Total V. ft. govetaaisat
secarlUes ........ 5.533.00
7. Furtiiture and fixtures 726.4S
8. Other real estate owned.... 986.00
9. c Due from all other bank* 5,278.29
11. Checks and other cash Items 1.036.50
12. Cash la vaalt 468.50
Total *376.613.18
LIABILITIES.
15. Capital stock paid la $100,000.00
16. Surplus fund: Unearned iutereat
T.4S1.21
17. a Undivided profits 9.743.61
IB'.. Amount reserved for all Interest
art rued 3.0S0.45
20. a Dne to national hanks: Depreciation
for losses, t... 2.467.50
d Due to trust companies and
savings banks 6.399.48
Time deposits (payable after
So days, or subject to 30
days or more notice):
29. Certificates of deposit (other
than for money borrowed>.. 447.305.03
32. Other time deposits: Morris
plan installment Investment
certificates 175.90
Total $576,613.18
District of Columbia. City o^tvilii^UB. s?:
I. II. B. BYKD. Manager of the ^ibovenamcd
bank, do solemnly swear that the
above statement is true to the best of my
knowledge and belief.
H. B. BTRD. Manager.
Subscribed and sworn to before me thla
9th day of July. 1920.
HUGH W. BARR. Notary 1'ablic.
Correct?Attest:
FRANK S BRIGHT.
L. C. 3TK1DER.
RICHARD A. FORD.
H B. BYRD.
EDITH W. PICHON.
. Directors.
REPORT 6rTHE CONDITION
OF THE
Bank of Commerce and
Savings,
At Waahlngtoa, la the Dlstrlrt (
Columbia, at the oloae of bualJiae
SO. 1930.
RESOURCES.
1. a Loena and discounts including
rediscounts texcept
those shown In b and c).. (6H U1D
2. Overdraft*. ?a*rar*4 # I.U
3. C. 8. government securi.
ties owned:
a. Pledged 50,000.00
| c. Unpledged ... 170.0u0.(j0
d. War savings
certificate* and
thrift stamps.. 946 00
Total V. 6. Government securities
221,555.96
4. a Bonds, securities. etc..
otber than l. 6.. including
premium on
ait $56.0?3.97
Total bonds, securities, etc.,
other than U. S 56.083.97
6. Backing house 175.000.00
7. Furniture and fixtures 5,645.40
8. Small steel banks 1.764.27
9. a Due from national banks.. 93.723.10
11. Checks and other cosh items 11.5W.02
12. Cash in vault 48.100.62
It. Other assets:
Travelers' checks 2.850.00
War Savings Stamps acct. 994.45
Federal Reserve Bank
Bond exchange acct 81.530.00
Total $1,344,672.81
LIABILITIES.
15. Capital stock paid ir. $100,000.00
16. Surplus fund 30,000.00
17. a Undivided profits 23,865.73
18. Amount reserved fur taxes
accrued 863.5$
19. Amount reserved for all intereat
accrued 500.00
20. a Doe to national banks... 18,375.60
31. Certified rllecks 2.212.82
32. Cashier's cheeks outstanding 3.828.80
Demand deposits (deposits
parable within 30 days I:
23. Individual deposits subject
to cheek 435.324.56
24. Certificates of deposit due
in leas than 30 days (other
than for money borrowed) 38.7S0.84
27. Dividends unpaid 3,033.20
Timo deposits (payable after
80 days, or subject to 30
day* or more notice):
29. Certificates of deposit (other
than for money borowod). 41.562.24
32. Other time deposits 584,512.54
83. United States deposits (otber
than Postal aavlngs):
b War Savings Certificate
snd Thrift Stamp deposit
account 991.45
85. Guaranty Tr. Co. Travelers'
Checks sect 2.850.00
36. Federal Reserve Bank
(Wood sect.) 31.530.00
Deferred psyment on Banking
House 30 000.00
Total $1,344,672.81
District of Colombia, City of Washington, as:
L JOHN M. RIORDON. Caabier ol the abovenamed
bank, da solemnly swear that the above
statement is true to the best of my knowledge
and belief.
JOHN M. RIORDON. Caabier.
Sabeeribed aad sworn to before me this
9th Say of July, 1920.
<8eaU HARRY 8. WOLF. Notary PnNio.
Correct?A tteet:
V. M. D. ROSENBERG.
ELIB 8UKETZ.
IRV1N OWINGS.
M. A. LEE8K.
ALBERT 8. GATLEY.
FLOYD E. DAVIS.
ALEXANDER WOLF.
AAMUEL HART.
Directora.
v ?iii
PRICE OF AFRICAN
WIVES TAKES JUMP ,
Lord Dewar. Vfco l>?s Just re- \
to London from Central ,
Africa, In |Iv1b( u account of his <
travels there, said the increased coat '
of living in the district he visited .
was reflected In the hl|l?r price for
wives paid by the natives. ' Whereas
a fine. 16-hands-hlgh wife cost
four spearheads in prewar dare,
she now coats eight spearheads.
Lord Dewar said, and in the catfl* >
districts the price of a wife Is eight
cows instead of four. , I
*
BANK STATEMENTS.
REPORT OF THE CONDITION
OP TUB
Citizens Savings Bank,
At W'aahlBgtM la the District at O*.
Inmbla, at tie flM? mt kubMM
Ju?e SO. 1830.
BESOt'BCES.
1. S Loan* and diacounta
lncludls|
r e 4 I i /
ounu tCM.490.40
ToUl lotas .. $586,490 40
2. Overdraft*. unsecured 868.72
1. I'. S. government securities
owned:. ,
c Unpledged .... $28.721.13
Total U. 8. government securities
2*. 721.8.1
4. a Bonds, e'*urltiM.
etc. oUer
than V. B..
including premium
oo name 8124.5S2.50
Total bonds, securities. etc..
otber thin C. 8 124.582.50
?. Banking liouae 157.U47.2S
7. Furniture :ind natures 10.S8S.81
8. a Due from national
banka.. f71.740.85
71.740.85
10. Exchange* (or clearing bouse 5.848.58
11. Cbecka and other cssb items 288.25
12. Oath la vault 17.888.54
Total $997. #54.81
LIABILITIES.
15. Capital stock paid in 8184.880.00
10. Burplua fund 88.988.00
17. a Undivided
_ P'??" 82W84.T8
b L e a a current * expenaea.
late
r e a t and .
laxea paid... 21.941.88
3.828.40
120. a D u e to national
banka.. 84.805.88
c Due te state
and private
banka and
banker* 500.00
d Due to trust
companiea and
saving* bub 4.744.54' oe
21. Certified ' heeUS!6?F^5rS?lBfl^
122. Caahier's cbeck* outstanding 17.425 01
Demand depoiita (deposits
parable within SO days):
23. Individual depoaita subject
?" check 888.885.12
124. Certificate* of deposit due In
lean than 30 'lava' (otber
than for money borrowed) 7,185.00
Total demand depoaita.
Itema
21. 22, 28.
and 24 $420,190.97
Time deposits I payable after
3<> da?. #r subject to 80
days ?g?8sbrt notice I:
28. Certiiieatss ?f deposit (otber
than for money borrowedI 43.774.08
32. Other time deposit* 185.317.94
Total of time deposit*.
Itema
29 and 82... $239,092.02
S-V Billa payable, including certificates
of depoalt representing
money borrowed. 80.000.00
SC. Liabilities otber than tboae
above atated: Deferred
payment on real estate.. 32.000.00
Total $097,954.61
1 District Tnldhabia. City ofWVaAlngtftn. as:
I. FEBNAND PETIT, Treasurer of the!
above-named bank, do solemnly swear that
the above statement is true to the best of
my knowledge and belief.
FKRNAMt PETIT Treasurer, j
Subscribed and sworn to before me this |
9th day of July. 1920
(Seal.) HABB'S J. DONOGHCE.
Notary Public.
Correct?Attest: *
I.. E. BREU.VINGER.
WM. D. WEST.
BOY L. NKLHACHEB.
HERMAN ?. CA8CU.
8. SIDNEY FOltST,
Directors.
REPORT OF COX1
COLUMBIA NA'
At Waskisglon, In the District of Co
8 Jane 30,
RESOU]
1. a Loans and discounts, including
(except those shown in b and
, Total leans .
2 Overdrafts. secured. \ins
I -5. f. Government securities owne
a-Deposited to secure circulation
par value)
f Owned and unpledged..
h War Savings Certificates and T1
actually owned
Total U- S. (Jovernment se
6. Other bonds, securities, etc.:
b Bonds (other than U. S. bonds
securc postal savings deposit!
e Securities, other than U. S. bo
eluding stocks), owned and u
Total bonds, securities, etc.
8. Stock of Federal Reserve Bank (
tion)
9. a Value of hanking house, owned
10. Furniture and fixtures
12. Lawful reserve with Federal Res
14. Cash in vault and net amounts du
15. Net amounts due from banks, b
panies in the United States (othi
12, 13 or 14)
16. Exchanges for clearing house....
17. Checks on other banks In the sam<
ing bank (other than item 16)..
Total of items 13. 14. 16. 16 ai
118. Checks on banks located outside o
ing bank and other cash Hem:
19. Redemption fund with U. S. Treai
Treasurer
i 20. Interest earned but not collectedand
bills receivable not past du
' Total ;
LIABIL
?2. Capital stock paid In
"'3. Suenli-s 'u^d
14. a Undivided p.oflts
^ u M.at?> c?* t<s.v .^'trujstfc, interest i
25. Interest and discount collected oi
maturity and not earned?(app
27. Amount reserved for all interest
28. Circulating notes outstanding....
30. Net amounts due to national bank
31. Net amounts due to banks, bank
in the United States and foreifi
included in Items 29 or 30).....
32. Certified checks outstanding
33. Cashier's checks on own bank ou
Total of items 29. 30, 31. 32 ai
Demand deposits (other than ba
Reserve (deposits payable with
34. Individual deposits subject to ch
35. Certificates of deposit due in less
for money borrowed)
'38. Dividends unpaid
Total of demand deposits (othc
deposits) subject to Reserve.
36, 37. 38 and 36
Time deposits subject to Reserve
or subject to 30 days or more not
42. Postal savings deposits
43. Other time deposits
Totsl of time deposits subject
Items 40. 41, 42 and 43
Total
District of Columbia, ss:
I, CLARENCE CORSON, Cashier
elmnly swear that the above stateme
edge and belief.
Subscribed and sworn to before r
(Seal.) T1
Correct?-Attest:
BENJ. W. GUT.
B. F. LE1GHTON.
W. CLARENCE DUVALL, ,
CHARLES W. RAT.
O. W. F. SWARTZEIC*
P. J. KAUFMAN,
V
A ?*t of oh 1 met wh|c?. ItUjftiy.
prill be the lar*aat indTOOlt |
?1?U In the United States. will ba '*
placed In Um Lake Avenue j
Church in Racbester. N. T, tb# gift "
)f Clinton Howard in maroorjr m bla ~
ion. Ensign John Howard, wh? wti ?
lost at sea la hla bydroplta* la ?
fcprll, 1*1?. JT- m
^ :
BANK STATEMENTS. 2
REPORT OF THE GOKUTION *
' or THE
United Stales Savings Bank
It WMkUftn, la the DMMtt *'
MwWt. at tka cteaa af haalaiaa
Ju? m, im
re?oo*OES. "\* *.>v 25
L a Lam a* a
discounts laridding
tadU- _
coasts tti- ?
(apt UM! ?a
lie wo la b w
aad c) -II.106,tti.22 ?
Total loan*
2. Oerdrafta, secured. *12.07;
laaecured. *192.47 204 54
8. U. 8. Government securities
oweed: '*?
o Unpledged ... (J2S.900.00
d War savings
certificates
a o < thrift
stamps 708.04 g
m
Total U. L Government
securities . 126 603 04 "
4. a Houds, secir- ?
111 a a. etc.. <
otber tha a
V. la- rludlof
prem
I a m oa <
*a?e 8880.M8.55 >
b Otber bonds
to iccjra >
postal u?- ?
lrfa deposits
4.600 00 ?.
..
Total >ond? securities, m
etc.. other than U. 8... 83S.288.58 ?
8. Bankinf bouse 75,000 00*.
7. Furniture and fixtures .... 6.646 00*
8. Otber real estate owned.... 6.268 08 -
0. a Due from aa- a
tionaJ banks....*79.537.24 ?
e Doe frtir all m
other beaks... 61.517.67 m
141.064.91 10.
Exchanges for clearing bouse 82.907.68*
11. Checks and other cash items 50.00 4
12. Caah la vault 17.799.15*
Total ....... ...... .*2.878,452.13
- liabilities.
15. Capital stock paid la 8100.000.09 16.
Surplus fond 50.000.0?17.
a Undivided prof- u
1U 829.638.28
? 29.633.28 ?
30. d Due to tract .?
companies and ?~
saviaga banks.$182.788.01 f
132.786 01 21.
Certified checks. ... 1.619.5* 22.
Cashier's checks aetata *4^
??? ; **.067.8?<?
Demajid deposits f deposits ?.
parable within 80 days): , 23.
Indi vidua! deposits subject
to check.. 687.802 51 M
24. Certificates of depoeit due In
less thin JO <Jays (other
than for money bor- 9?
rowed 1 2 900.06 -
27. Diridenda unpaid 8.013 0* ?
28. Other demand deposits 101.60*
Total demand deposits.
Items si. 22. 23. 24. 37.
and 28 *643.819.11 ?
Time deposita (Da)able after *
80 days, or subject to 30 I
dars or more notice):
29. Certificates of depoalt (other
than for money borrowed) 99.848.66"
31. Postal savings deposita 1.774.29
32. Otber time deposits 1,294.338.41 **
Total of time deposits.
Items 29. 81, and
82 *1.395.96686
36. Liabilities other than those
above stated: Deposits oa
Liberty and Victory Bonds
purchased for customers.. 14 580 06 '
Total *2.878.652.12
District of Cohantia, CHy of Washington, is
I. VVM. R DE LASHMCIT. Caabier of the
above-named back, do aoltmnly swear that tha
above statement U true, to the beat of my .
knowledfe and belief.
ffll. R. DE LaSHMUTT Csahier.
Subscribed and fworn to before me thla
81 . day of July 1920.
(Seal) r. MORGAN COOK.
Notary Public.
Cotrect?Attest: R. L Taylor.
Wade n. Cooper. W W. Anderson. ?
Wm. D Barry. Chat. A. Goldsmith.
W. E. G. Penny. K. A. Dore.
Wm. B. DeLashmutt Wm. T. Davis, >*
Wlltur U. Zepp.
Oscar Baum. Director*.
BITIOX OF THE
nONAL BANK
lumhia. at the close af business on
, 1B20.
RCES.
: rediscounts
c) *1.708.374.fl
a'llCWs.374 71 *
ecured, *176.61 -.;.. 3.674 13 '
d:
(U. S. bonds * .
$250,000 00
277,331 20
drift Stamps
4.802 34
curities.... 532.133 54
) pledged to
s *37.000 00
nds (not in- v
npledged 2S9.062 48
, other than U. S 326.062 48
50 per cent of subscrip
15.000 eo
and unincumbered 72.000 00
8.000 00
erve Bank 201.56105
e from national banks.. 251.049 81
ankers, and trust com;r
than included In items
4.73117
60.818 81 "
e city or town us report
21,185 56 <*
id 17 $327.785 35
t city or town of report)
3,150 SI ' *
surer and due from U. S.
12.500 00f
?approximate?on notes -
ie 7,000 00
%? m
3,217.141 46 "
.? m
1TIES. "
*250.000 00
. 250,000 00 ?
$*5,9 87 82 *
ind tjxes p-nl *4 4
85,965 26 ~
r credited in advanca of
roximate) 100 00 *accrued
3.500 00. f
241.695 00 ~ *
.? 21,312 69
era and trust companies
;n countries (other than *
213.199 80
b.584 12 Xa
tatandlns 32o 80 ><
*d 33 *243.417 41 ?
nk deposits) aubject to ?
in 30 days): ?
eck 1.745,163 26 ?a
than 30 days (other than .?
12.535 00 ..
7,680 00 *
r than bank ta
items 34. 35. ~
*1.765.378 26 - .
(payable after 30 days. <*
ice. and postal savings)'; -.
19.218 53
357.867 00 tt
to Reserve, ?a
$377,085 S3 m
.*3.217.141 4< i!
? * M
?
of the above-named bank, do sol- "
nt la true to the best of my knowl- J*
C. CORSON. Cashier.
ne this 8th day of July, 1920. ^
iOMAS H. TOUNO, Notary' Public. ?
L. W. ESTES.
JAMES A. MESSER.
C. F. FADELEY.
J. W. CARR. <
B. F. SAUL.
' JNO. JOY EDSON.
Diractora.
-r.?
vie? iv.- . _ ^ Jbit- -?* ;
.* ,- ' Ma . ?
.1 . - - ?